@Adam WidderHow much profit are you expecting to make?

#2 sell the house i am currently in, take the profits go and buy another house to live in and use whatever money is left over to buy a duplex and or condo etc to rent our full time or air bnb it (i think condos would be easier to maintain than a sfh?...)

Just this week I had a client convert a flip into a rental after it sat on the Oakland market for over a month at a price that would have yielded fairly low profit, and this is someone with a track record of successful flips in years past.So I guess this is neutral-to-good news if you're doing buy-and-hold and finding a way not to compete with the owner occupants bidding based on emotional appeal inspired by a reality TV show, but bad news if you're trying to be the next HGTV rockstar flipper paying MLS prices. 

The formula using .65 is showing the price at which (35%) equity would be taken out, in order for fixers/flippers to pull profit from. 

Even if you can get 1250 your deal is well under 1%And not A very profitable investment for cash flow considering the list price .

If you are realizing profit every month and the tenant is sound then I think the goal is accomplished overall.

With a few inputs we can tell roughly how much we'll be making a month and how much profit we will make.

@Mick Relef - Predecting a downturn makes no profit.

"I want to profit" is not an example of "unforeseen."

Being able to do a lot of stuff yourself is great, but a big part of a flip being profitable is getting it done quick.